SUCCESSION

ENSURING

THE LEGACY

ENSURING THE LEGACY AND LONGEVITY OF YOU BUSINESS.

One of the biggest frustrations you may face as a financial planner is not having someone to take over your business when the time comes to retire, scale back or deal with the unexpected. The all-to-common story for a financial planner is to train and position a staff member for succession, only to have them leave to set up their own practice or a new career before the time comes to take over.

Succession

Planning

Succession planning is a way to avoid the misery and financial loss that comes from leaving succession to chance.

At Futuro, we will advise you on succession and help you set in place a clear succession plan. We’ll help you ensure you are prepared for unexpected events as well as planned retirement. Alternatively, you may wish to grow your practice into a larger scale, corporate entity where your role evolves from practitioner to business manager. As an independent business and member of Futuro, you can trade under your own name or the Futuro banner. We can help facilitate your transition from the role of small practice to larger scale business within Futuro if you would like to pursue that path. Wherever you wish to take your business, we’ll ensure you use the right structure, strategy and day-to-day decision making to get you there.

PROTECTING AND GROWING YOUR VALUE

Protecting and growing your value.

While some firms are content with their current size and structure, others are looking to move from operating as a practice towards becoming a true corporatised business. There is an increasing realisation that the value of the business increases significantly once the owners are no longer directly related to the generation of income. This requires a change in roles – from practitioner to business manager.

We recognise that our entire network is made up of independent businesses and we provide the option of trading either in their own name or as Futuro. This sees the majority of our practices trading under their own banner.

We can help you assess whether such a transition is consistent with your long term objectives by supporting you to:

Make the choice between remaining as a practitioner or moving into the role of business manager;

Grow at a pace that will allow the transition to a true business to occur in an orderly and natural fashion;

Develop true lines of succession, and

Increase income to the business through the aggregation of production.

OUR SUCCESSION PROGRAM

Follow our succession plan.

We have established a succession program which can provide you with confidence and assurance that the legacy and longevity of your business is secure.

Over the years we have facilitated many succession plans for our advisers and can assist you with maximising the outcome for you and your family.